Word: multimillions
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Dates: during 1990-1990
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...probing a complex network of companies and S&Ls that invested deeply in junk bonds, mostly handled by Drexel Burnham Lambert, and carried out elaborate deals to swap the bonds and other assets. Some of the bonds were used to artificially shore up ailing thrifts or were sold in multimillion-dollar lots to cooperating S&Ls. Federal investigators are giving particular scrutiny to Silverado, Charles Keating's Lincoln S&L in California, CenTrust Bank in Miami, and San Jacinto Savings in Texas. Each had extensive business dealings with Drexel and with one another...
...indefensible Steinbrenner aside -- is this a rational form of organizational behavior? Many in baseball defend the practice, more as a psychological tool to motivate multimillion-dollar egos than as a strategic gambit. "I can get you ten to 15 people who can sit in the dugout and know when to change pitchers," contends Mets general manager Frank Cashen. "But I can't get you ten to 15 people who can communicate with 25 ballplayers." Cashen looks like a genius for his decision to replace Johnson with third-base coach Buddy Harrelson. In the ensuing six weeks the Mets have gone...
...script called for blizzard scenes at a major airport. To film it, the entire cast and crew of this summer's Die Hard 2 embarked on a multimillion- dollar odyssey last December that led them to normally snowy Denver and northern Michigan. But relentlessly mild weather in both places forced 20th Century Fox to abandon its costly snow chase and shoot the sequel to the 1988 Bruce Willis thriller on a Los Angeles sound stage. As if that humiliation was not enough, the delays and moving expenses helped push the film's original $40 million budget to as high...
...often said this was an efficient way to pass along money to his heirs, but now at least one of the insurers is balking -- and investigating some of the information the publisher supplied on his applications. Says Richard Bevilacqua, public relations director for John Hancock: "Forbes had a multimillion-dollar policy that was taken out in the last two years. A claim has been filed, but we have not paid it, pending an investigation...
...criminal investigators Telman Gdlyan and Nikolai Ivanov. The two became popular heroes last year after publicly accusing Politburo conservative Yegor Ligachev of corruption; both were elected to parliament last spring. But now they are accused of illegally detaining witnesses and forcing confessions in a six-year probe of a multimillion-ruble scandal involving racketeering and influence peddling in Uzbekistan, which nailed the son-in-law of the late Communist Party boss Leonid Brezhnev, among others...